Property Type: TownhouseOwnership: Strata

8 500 Marsett Pl

Saanich, BC V8Z7J1

$835,000

3 bed3 bath1 parking1,824 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
2,134 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$642/mo
Annual property tax
$3,834.87

Interior

Heating
Forced air, Electric, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
StorageSecond level6'0 x 8'0
EnsuiteSecond level5-Piece
BedroomSecond level
BedroomSecond level
BathroomMain level2-Piece
Dining roomMain level
EntranceMain level
Dining nookMain level
KitchenMain level
DenMain level
EnsuiteMain level3-Piece
Primary BedroomMain level
Living roomMain level
BalconyMain level

Listing Information

MLS®
1041341
Listed
June 23, 2026
Time on market
On the market for 69 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

Experience the perfect blend of modern comfort and effortless main-level living in this beautifully updated 3-bedroom Royal Oak townhome. The heart of the home features a light-drenched living and dining area, anchored by a cozy gas fireplace and seamless access to a private sundeck. The primary suite is conveniently located on the main floor, offering a spa-like ensuite and spacious walk-in closet. A crisp, contemporary kitchen with a bright breakfast nook, a dedicated home office, and laundry room complete the main level. Upstairs, discover two generous bedrooms and a full 5-piece bath, perfect for guests or family. Situated just minutes from Broadmead Village and a short 15-minute drive to downtown Victoria, this home offers an unparalleled lifestyle. Move-in ready with immediate possession available. (id:63159)

Values & Trends

This listing

$458/sqft

Building average

$513/sqft

1 active listing(s)

Royal Oak average

$513/sqft

11 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Victoria (University of)

13°C

Humidity 83%

Wind WNW 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

117,735

(2021 Census)

+3.1% since 2016

Density: 1,136.5/km²

Dwellings: 50,064

Median household income: $93,000

After-tax: $83,000

Immigrant population: 22.5%

Top countries of origin (% of total population)

  • China3.5% · 4,110
  • United Kingdom3.2% · 3,760
  • India2.3% · 2,650
  • Philippines1.7% · 1,995
  • United States of America1.4% · 1,655
  • Germany0.6% · 730
  • Hong Kong0.6% · 720
  • Viet Nam0.5% · 540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

4/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Royal Oak Middle SchoolMiddle1.1 km
Claremont SecondarySecondary1.6 km
Lochside ElementaryElementary2.1 km
Northridge ElementaryElementary2.8 km
Cordova Bay ElementaryElementary2.9 km
Glanford Middle SchoolElementary3.1 km
Lakeview Christian School(Independent)Elementary/Middle3.1 km
St. Margaret's(Independent)K-123.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (1)

  • The Lakes198 m

Grocery (1)

  • Thrifty Foods · 777 Royal Oak Drive750 m

Parks (5+)

  • Former Royal Oak Golf Club · 540 Marsett Place319 m
  • Commonwealth Place369 m
  • Normandy Park459 m
  • Falaise Park660 m
  • Unnamed775 m

Banks & ATMs (1)

  • CIBC754 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Other Listings in This Building

Other units currently listed in the same building. 8 500 Marsett Pl

View building profile →
Built 1994

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($58,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$668,000.00
Periodic payment — Principal & Interest (monthly)$4,309.71
Additional monthly expenses (strata, tax, utilities, etc.)$1,052.57
Total monthly cost$5,362.28
Interest paid over 5-yr term$191,450.72
Balance at end of term$600,868.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$58,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,971.01

Cash Needed at Closing

Minimum down payment$58,500
Estimated BC PTT$14,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$74,700

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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